Charming Clothiers manufactures neckties and bow ties. The company has the following information:

The company$$s sales price is $$30$ per unit. The variable costs of producing bowties is $$18$ per unit. The company expects to have fixed costs of $$60,000$ next year. The company expects to sell $8,000$ bowties next year. Assume no taxes. using the Contribution Margin $($CM$)$ Income Statement calculate the following:

a$)$ Total units sold to achieve a NIBT of $$50,000.$

b$)$ Total Sales Revenues to achieve a NIBT of $$50,000.$

How many units must be sold to make a Net Income Before Taxes $($NIBT$)$ of $$50,000?$

What is the Sales Revenues in Total $ $($T$$)$ to achieve a NIBT of $$50,000?$

Answer rating: 100% (QA)

Answer Charming Clothiers Contribution Margin Analysis We can leverage the Contribution Margin CM approach to solve this problem Heres a stepbystep br... View the full answer